TMI Blog2009 (8) TMI 975X X X X Extracts X X X X X X X X Extracts X X X X ..... oth sides on the application for waiver of predeposit of duty of Rs. 59,90,246/- + Rs. 20,80,628/- together with interest at appropriate rate on the total amount of Rs. 1,05,81,945/- and penalty of Rs. 6 lakhs + Rs. 1 lakh. 2. The demand arises as a result of default in payment of duty for the months of Nov., 06 Dec., 06 and Jan., 07, thereby attracting provisions of Rule 8 (3A) of the Cent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Cenvat credit may be utilized for payment of duty of excise on any final product provided that while paying the duty, the Cenvat credit shall be utilized only to the extent of such credit is available on the last day of the month or quarter as the case may be; 4. According to the applicants, there is no prohibition in payment of arrears using the Cenvat credit and since they had paid a sum of ap ..... X X X X Extracts X X X X X X X X Extracts X X X X
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